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500 Pesos Silver Certificate Issue
| Issuer | General Treasury of the Republic |
|---|---|
| Year | 1944-1947 |
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| Composition | Log in to see details |
| Size | 156 x 67 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPUBLICA DE CUBA QUINIENTOS 500 PESOS SALVADOR CISNEROS BETANCOURT ESTE CERTIFICADO, EMITIDO DE CONFORMIDAD CON LO DISPUESTO EN LA LEY NÚMERO 5 DE 2 DE MAYO DE 1942, SERÁ ACEPTADO SIN LIMITACIÓN, EN PAGO DE IMPUESTOS DEL ESTADO LA PROVINCIA Y EL MUNICIPIO CERTIFICADO DE PLATA (Translation: Republic of Cuba Five hundred 500 Pesos Salvador Cisneros Betancourt This certificate, issued accordingly with stated on the law number 5, from May 2nd., 1942, will be accepted without limits, as payment of the taxes from the State, the Province and the Municipal. Silver Certificate) |
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| Reverse lettering | REPÚBLICA DE CUBA CERTIFICADO DE PLATA 500 500 QUINIENTOS PESOS LA TESORERÍA GENERAL DE LA REPÚBLICA CUANDO LO DEMANDE SU PORTADOR, REDIMIRÁ ESTE CERTIFICADO EN MONEDA DE PLATA DEL CUÑO NACIONAL (Translation: Republic of Cuba Silver Certificate 500 500 Five hundred Pesos The General Treasury of the Republic When bearer asks for it, will redeem this Certificate in silver coins of national currency) |
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| Comments |
The General Treasury of the Republic was the Philippine government-in-exile's financial arm, operating under the Commonwealth administration that had retreated with MacArthur and reconstituted itself in Washington. These silver certificate notes were prepared by ABNC in anticipation of liberation and reintroduced alongside the physical return of Commonwealth authority — printed before the fighting ended, issued into an economy that had been systematically destroyed by Japanese military scrip and wartime inflation.
The silver certificate designation mattered politically as much as monetarily. It was a deliberate repudiation of the Mickey Mouse money the Japanese occupation had forced into circulation, and a signal of restored American-backed fiscal order.